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Nov 22, 2012
11/12
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melissa: so the fiscal cliff is four days away. what are we to overcome a good deal to avoid it seems taxes are going up. i thought the tea party would save us. wasn't that their rally cry in the first place? to him i is and co-author of the book. why deprive of our public depends on our honor. are you guys going to stop this somehow? >> i think it is something the tea party has put massive amounts of energy into it if you think about it, the democrats fight the republicans, republicans fight the democrats, the tea party has to fight on both fronts. it requires extra amount of strategy and foresight and vision remembering the tea party is really only four years old but has regrouped. the tea party is very committed to getting involved in infiltrating the g.o.p. on the local level, that is all still happening very actively. melissa: it sounds like i'm about to be taxed to death. i could go to bermuda, but that is about it. other than that, it is going to happen. >> some things will happen, but i do think the tea party people who hav
melissa: so the fiscal cliff is four days away. what are we to overcome a good deal to avoid it seems taxes are going up. i thought the tea party would save us. wasn't that their rally cry in the first place? to him i is and co-author of the book. why deprive of our public depends on our honor. are you guys going to stop this somehow? >> i think it is something the tea party has put massive amounts of energy into it if you think about it, the democrats fight the republicans, republicans...
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Nov 24, 2012
11/12
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s rising stars. >> the fiscal cliff is a creation of the political branch in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis. covering history as it happe. from our nationas capital, this is "washington week with gwen ifill." produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to chart a greener path in the air and in our factories. to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions. >> around the globe the people of boeing are working together. to build a better tomorrow. >> that's why we're here. >> this rock has never stood still. since 1875, we've been there for our clients through good times and bad. when their
s rising stars. >> the fiscal cliff is a creation of the political branch in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis....
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Nov 26, 2012
11/12
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on solving the fiscal cliff? >> everyone's talking about how can we get republicans to cave on tax increases? >> the reason we have an impending debt crisis is because we're spending more. raising taxes isn't going to deter the debt crisis coming down the pike. we need to focus on spending. we need to get president obama and senate democrats to say what spending they'll cut and how to change entitlement. >> did you hear what jay carney said in the last few minutes? he said social security, by the way, off the table. we're not going to discuss this while we do the fiscal cliff discussions. i mean, we're already there. raising taxes but not cutting spending. >> and that's exactly the point. >> social security is funded separately. it has it's own line item, it's a separate bill -- >> until the money runs out? then what do we do? >> that's not the point right now. >> it is. >> no, it's not. you won't solve those problems by going after the fiscal cliff. >> the only thing derailed is the conversation on what matters.
on solving the fiscal cliff? >> everyone's talking about how can we get republicans to cave on tax increases? >> the reason we have an impending debt crisis is because we're spending more. raising taxes isn't going to deter the debt crisis coming down the pike. we need to focus on spending. we need to get president obama and senate democrats to say what spending they'll cut and how to change entitlement. >> did you hear what jay carney said in the last few minutes? he said...
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Nov 29, 2012
11/12
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maybe a little less conversation and more on the fiscal cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll see you here tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here tonight with bedford open gey
maybe a little less conversation and more on the fiscal cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll see you here tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the...
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Nov 23, 2012
11/12
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theith the dow dropping signifily after the election on fiscal cliff happen? people are starting to pull money out of stocks and dividend dividends a little les valule. thatee the market continue to go down resolved and could see a plunge if we hit january 1stnto effect. he flip side of that, if washington actually gets i resolve this in a better wthan could have a prett good economy weoupickup in the stock market. if they make a deal that's not expected, i think wwould see an immediate impact. i think we're going to see a deal that comes out of dribs and of a lastg minute thing and al see it coming when it does tend fiz bole, the cbo, ben bernanke who coined the term fiscal cliff. they have predicted if a deal is not reached, the conen any chance that if a deal is not reachethat perhaps that's an overstatement? >> we need to keep in mind, this is not one measure that's an all or nothing type of deal. the taxes we keep hearing about are ne different ss of taxes then there are the spending cuts which affect literally hundreds and hundreds of government allo so
theith the dow dropping signifily after the election on fiscal cliff happen? people are starting to pull money out of stocks and dividend dividends a little les valule. thatee the market continue to go down resolved and could see a plunge if we hit january 1stnto effect. he flip side of that, if washington actually gets i resolve this in a better wthan could have a prett good economy weoupickup in the stock market. if they make a deal that's not expected, i think wwould see an immediate impact....
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Nov 22, 2012
11/12
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we don't want a deal on the fiscal cliff, we want a good deal on the fiscal cliff. >> right. now this is really key. first of all, i want it say one thing, regarding ben bernanke and his monetary safety net and he did say yesterday that he didn't think monetary policy could offset a fiscal cliff recession. i don't want to get into a lot of fed watching. i'm just saying, i'm not sure the federal reserve will do much more. maybe they will, maybe they won't. now regarding good deals versus bad deals, this is where i disagree with some of think kol a colleagues here. maybe you do too. if this is deal that jacks up tax rates, the capital gains rate, dividend rate, if it has a millionaire surtax as senator collins said, that's not such a hot deal. how would they react to a high tax on investor type of deal. >> they limit investments. they make investments less attractive. the stock market doesn't want a big raise on capital gains and dividends. the stock market is okay with a small one. the best is the 39% ordinary income tax hike. but essentially leave dividends and capital gains
we don't want a deal on the fiscal cliff, we want a good deal on the fiscal cliff. >> right. now this is really key. first of all, i want it say one thing, regarding ben bernanke and his monetary safety net and he did say yesterday that he didn't think monetary policy could offset a fiscal cliff recession. i don't want to get into a lot of fed watching. i'm just saying, i'm not sure the federal reserve will do much more. maybe they will, maybe they won't. now regarding good deals versus...
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Nov 26, 2012
11/12
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. >> the fiscal cliff is not going to happen. so the ceiling -- the sky's not going to fall. >> chris: senators jeff session and congressman charlie wrangle on prospects for avoiding the fiscal cliff. liz, is charley wrangle right, the sky is not falling? >> i wouldn't say charlie's not right. i think the potential damage done by going off the fiscal cliff is so significant i would hope even in this town that's very divided people could come together to avoid it. what concerns me is the whole terrain we're on is an argument about whether or not to raise taxes on upper income earners. the argument ought to be is the president willing to put forward spending proposals and cuts that are serious enough to come to an agreement. the president is pushing a fallacy which i've watched some sundays bill kristol buy into on the panel that we can solve our problem. >> chris: that was a great line. >> but no, this notion that we can solve the problem by raising taxes on the upper income earners is ill-advised. >> chris: i'm going to mr. bill
. >> the fiscal cliff is not going to happen. so the ceiling -- the sky's not going to fall. >> chris: senators jeff session and congressman charlie wrangle on prospects for avoiding the fiscal cliff. liz, is charley wrangle right, the sky is not falling? >> i wouldn't say charlie's not right. i think the potential damage done by going off the fiscal cliff is so significant i would hope even in this town that's very divided people could come together to avoid it. what concerns...
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Nov 25, 2012
11/12
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will they come up with a way to avoid the fiscal cliff? finishes [ male announcer ] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. see if america's most prescribed ed treatment is right for you. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ mal
will they come up with a way to avoid the fiscal cliff? finishes [ male announcer ] you like who you are... and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing,...
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Nov 27, 2012
11/12
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KNTV
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so there are a lot of things to consider with the fiscal cliff so the fiscal cliff will affect everybody. >>> they're talking more about the gas tax, more money to fly, thank you, sharon. >>> sure. >>> and speaking of the economy and spending, a lot of spending is going on right now, in what most agree is a tough economy. today was the day they called cyber monday because of the volume of on-line shopping. tonight we have a camera inside an amazon.com distribution center in phoenix, where workers are processing a mind-numb amount of processing a mind-numbing amount of orders, they expect to top the amount this year. cnbc's courtney reagan is topping the story for us. she is with us tonight from a legendary retailer, bloomingdales, in mid-town manhattan. >> reporter: good evening, cyber monday used to be a day when people who didn't have a home computer returned to the office to shop on line. well, times changed. the retailers offered deals last week and hope that cyber monday will give the shoppers yet another reason to spend. after a long and for some, chaos-filled thanksgiving day week
so there are a lot of things to consider with the fiscal cliff so the fiscal cliff will affect everybody. >>> they're talking more about the gas tax, more money to fly, thank you, sharon. >>> sure. >>> and speaking of the economy and spending, a lot of spending is going on right now, in what most agree is a tough economy. today was the day they called cyber monday because of the volume of on-line shopping. tonight we have a camera inside an amazon.com distribution...
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Nov 23, 2012
11/12
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with the fiscal cliff. there are still a lot of concerns out there despite positive news like the improvement in german business confidence and the signs we see strengthen china as well. >> mr. skeptic, what would make you bullish in this market right now? >> bill, it's fascinating. today we talk about employment trying to turn around and we see people walking out of their jobs at walmart on the biggest day of the year. i want to see a change in total attitude in this country, not just some housing numbers, not just a blip up in employment. we've got a structural problem with our mentality. that's what it would take me to get majorly bullish on the market. >> what specifically are you talking about here? i get the employment thing but what would make this -- what structural change you talking about? i don't get what you're saying here. >> well, again, it is an attitude change. we're having people who are walking out of their jobs on the biggest day of their employer's year. and their attitude is we're not g
with the fiscal cliff. there are still a lot of concerns out there despite positive news like the improvement in german business confidence and the signs we see strengthen china as well. >> mr. skeptic, what would make you bullish in this market right now? >> bill, it's fascinating. today we talk about employment trying to turn around and we see people walking out of their jobs at walmart on the biggest day of the year. i want to see a change in total attitude in this country, not...
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Nov 27, 2012
11/12
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the fiscal cliff as everyone terrified. the market is scary. how can people be out there spending more than last year? >> pent-up demand. have been coming every year, hearing about one negative thing after another since the 2008 banking crisis. it has been terrible. people are ready to move on. melissa: they don't just get used to spending less? >> people who are rational. but the average guy out there is broke and is probably always going to be broke. there is nothing hard wired and us to be prudent. we go out and spend everything that we have. and then some. and d you do have -- even though unemployment is high. we have more people in the work force to more people working in a year ago. that helps move us down the line a low bid. melissa: okay. thank you for coming on. great information. so there are plenty of ways to get fired. what about not getting a flu shot? one employer is terminating scores of workers. is it even legal? the details are next. i have been fired, not for a flu shot. plus, green energy requirements help push up electricity
the fiscal cliff as everyone terrified. the market is scary. how can people be out there spending more than last year? >> pent-up demand. have been coming every year, hearing about one negative thing after another since the 2008 banking crisis. it has been terrible. people are ready to move on. melissa: they don't just get used to spending less? >> people who are rational. but the average guy out there is broke and is probably always going to be broke. there is nothing hard wired...
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Nov 25, 2012
11/12
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will they come up with a way to avoid the fiscal cliff? finishes this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually e! how illinating. hat's in your wallet? let me guess, am i on the naughty list again? ho ho ho! >> we're relegated to a group of people meeting in secret, plotting some sort of scheme that they think is best for america. >> the fiscal cliff is not going to happen. so the ceiling -- the sky's not going to fall. >> chris: senators jeff session and congressman charlie wrangle on prospects for avoiding the fiscal cliff. liz, is charley wrangle right, the sky is not falling? >> i wouldn't say charlie's not right. i think the potential damage done by going off the fiscal cliff is so significant i would hope even in this
will they come up with a way to avoid the fiscal cliff? finishes this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually e! how illinating. hat's in your wallet? let me guess,...
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Nov 21, 2012
11/12
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because the fiscal cliff isn't going to calm the consumers mind. they worry about the downgrade to u.s. debt. i think the consumer is actually okay, which is why i like macy's right for the middle class. >> we look forward to having you back and enjoy thanksgiving. coming up, the as stock trading at ten-year lows today. is this a once in a lifetime opportunity for you to get in? we'll get details ahead and we head to the pits to tackle what happens to gold if the u.s. can't avoid the fiscal cliff and we'll check out the top stocks in the s&p 500 today ahead of the thanksgiving holiday. we'll be right back. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ olaf gets great rewar
because the fiscal cliff isn't going to calm the consumers mind. they worry about the downgrade to u.s. debt. i think the consumer is actually okay, which is why i like macy's right for the middle class. >> we look forward to having you back and enjoy thanksgiving. coming up, the as stock trading at ten-year lows today. is this a once in a lifetime opportunity for you to get in? we'll get details ahead and we head to the pits to tackle what happens to gold if the u.s. can't avoid the...
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Nov 28, 2012
11/12
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>> i think the fiscal cliff is looming. it is kind of in the background. but the sell-off is really triggered by the put buying from yesterday. some kind of fund liquidating. >> we'll send it over to you. >>> we'll speak with a key player in the fiscal cliff negotiations, senator kent conrad from north dakota just joined me. >>> plus warren buffett saying earlier on cnbc saying under his plan he'd pay a 35% tax on all the money he earns. good move? we'll discuss it when we come back. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local
>> i think the fiscal cliff is looming. it is kind of in the background. but the sell-off is really triggered by the put buying from yesterday. some kind of fund liquidating. >> we'll send it over to you. >>> we'll speak with a key player in the fiscal cliff negotiations, senator kent conrad from north dakota just joined me. >>> plus warren buffett saying earlier on cnbc saying under his plan he'd pay a 35% tax on all the money he earns. good move? we'll discuss it...
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Nov 22, 2012
11/12
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CNNW
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. >> spin off to two other quick issues before thanksgiving strikes us, one is the fiscal cliff. charles, you getting the same feeling i am, a more collective will to try and avoid falling off this cliff and get a deal done perhaps sooner rather than later? >> i absolutely do believe that. i believe that, you know, obama had the stronger hand, because if nothing happens, you know, no one wants that to happen and, in fact, the clock is ticking in that direction, and everybody has an incentive to say let's cut some sort of deal. and i do believe that deal will eventually encompass both revenue increases and some sort of structural realignment of some of the entitlement programs, and i actually believe the american people put aside the right and left. the american people actually are desperate to see their government be able to work, to do something. to make it happen. to not go into another situation where we have another downgrade. that is the exactly the option of what we want coming out of this presidential election, where people i think spoke and spoke rather clearly that we're
. >> spin off to two other quick issues before thanksgiving strikes us, one is the fiscal cliff. charles, you getting the same feeling i am, a more collective will to try and avoid falling off this cliff and get a deal done perhaps sooner rather than later? >> i absolutely do believe that. i believe that, you know, obama had the stronger hand, because if nothing happens, you know, no one wants that to happen and, in fact, the clock is ticking in that direction, and everybody has an...
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Nov 27, 2012
11/12
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the fiscal cliff negotiations under way. business leaders go to washington meeting republican and democratic house leaders. but is what is good for business really good for the country? the "a-team" next. the government tracking terrorists, criminals, and students. a texas school district wants to attract their students. big brother not a big hit with the students. protests are up in egypt over president more seize power grab. will the united states sit by quietly as he makes his move to become their leader? and is sure real law next? acclaims dollar middle east expert joining us next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. heartburn symptoms causedelieve by acid refl disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain
the fiscal cliff negotiations under way. business leaders go to washington meeting republican and democratic house leaders. but is what is good for business really good for the country? the "a-team" next. the government tracking terrorists, criminals, and students. a texas school district wants to attract their students. big brother not a big hit with the students. protests are up in egypt over president more seize power grab. will the united states sit by quietly as he makes his move...
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Nov 27, 2012
11/12
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in the negotiations or the fiscal cliff. public events, private meetings, so far they are not set a date for them to get together. some quick headlines. tensions intensified in egypt as the muslim brotherhood president -- he has met with judicial leaders. that is the latest of egypt. and the los angeles times, syria is now a shell of its old self. the los angeles times reporting on that. and then this tension debate on whether susan rice should become the next secretary of state. this is the washington times. but as far back to our discussion this morning for all of you. going off the fiscal cliff, some democrats are saying that the possibility and wouldn't be so bad. steve, on our line for republicans, what do you think? caller: i totally agree with the caller from texas who said that we should return to the clinton era tax law. just think of that era we had. we had a budget surpluses. and we had a winning prosperity. i do not think we need to fear returning to the clinton tax law. and as the caller said from texas, the dem
in the negotiations or the fiscal cliff. public events, private meetings, so far they are not set a date for them to get together. some quick headlines. tensions intensified in egypt as the muslim brotherhood president -- he has met with judicial leaders. that is the latest of egypt. and the los angeles times, syria is now a shell of its old self. the los angeles times reporting on that. and then this tension debate on whether susan rice should become the next secretary of state. this is the...
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Nov 23, 2012
11/12
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as the talks wind down on the fiscal cliff talks, a higher gas tax in the deal. the market watcher says that they can't afford to pay anymore. it could be good for the economy, margery how so? it's regressive tax, hits those without money. >> and how do we pay for necessary things, and not create are more deficit. and what this tax would do, we already have a 18 cents tax and most states have a gas tax in california 64.8 cents per gallon and you don't see the economy suffering, and the consumers and seen 1.50 jump in gas prices. what this would probably do, we don't have it on paper is pay for things like road repairs and necessary things like that. why is it good? it encourages innovation, car pooling, people to kind of watch, and conserve frankly we have to think about the national security issues and conservation. >> nan: kevin, i know you don't agree with this one. >> no, i can't believe that a gas tax could be the answer to the fiscal cliff or anything else, more taxes not the answer here, and the stronger economy, but this is really a tax on the middle clas
as the talks wind down on the fiscal cliff talks, a higher gas tax in the deal. the market watcher says that they can't afford to pay anymore. it could be good for the economy, margery how so? it's regressive tax, hits those without money. >> and how do we pay for necessary things, and not create are more deficit. and what this tax would do, we already have a 18 cents tax and most states have a gas tax in california 64.8 cents per gallon and you don't see the economy suffering, and the...
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Nov 25, 2012
11/12
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many shoppers say they will be cautious concerned about the economy and the gridlock of the fiscal cliff. >> they will pull back. they don't know what to expect for 2013. they want to remain cautious as we move into the next year. >> reporter: to that point, two-thirds of shoppers say they will use cash or debit cards. we're seeing consumers do a lot more research online and smartphones. kate. >> retail analysts predicting another first this year. for the first time ever online shopping could exceed 10% of all holiday spending. the folks who track these things tell us that amazon was the most visited retail site of all over the holiday weekend, but what happens after your click your mouse and make a purchase. we got an inside look at one of amazon's largest hubs in the u.s. >> reporter: from the moment you check out at amazon.com the process begins. your item is picked, sorted, packed and shipped. this is what the holidays look like here at amazon. to give you some perspective this is one of 40 across the country packed with thousands of items in time for the holiday rush. they're going
many shoppers say they will be cautious concerned about the economy and the gridlock of the fiscal cliff. >> they will pull back. they don't know what to expect for 2013. they want to remain cautious as we move into the next year. >> reporter: to that point, two-thirds of shoppers say they will use cash or debit cards. we're seeing consumers do a lot more research online and smartphones. kate. >> retail analysts predicting another first this year. for the first time ever...
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Nov 29, 2012
11/12
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cuts in this deal to avoid the fiscal cliff. that is not what they are doing now. should they include those? >> yes. i think that, and i know that democrats accept that this has to be it, a balanced package, that includes revenues and cuts and spending cuts. >> months ago, the budget carney held up was voted down by the entire senate. 99-0. meaning no democratic support. earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi spell noncommittal whether the cuts will be in the deal. still, the administration is trying to breathe life to the talks, with vice president biden shopping at new costco in washington, picking up a big screen tv and apple pie and insisting he is optimistic of a deal. >> i am. i am. all the folks in the store, man. going to make a difference. >> carney shot down a politico report that a phone call last night between boehner and the president was curt, noting it was 28 minutes long and productive. signaling the president is flexible on taxes not being s
cuts in this deal to avoid the fiscal cliff. that is not what they are doing now. should they include those? >> yes. i think that, and i know that democrats accept that this has to be it, a balanced package, that includes revenues and cuts and spending cuts. >> months ago, the budget carney held up was voted down by the entire senate. 99-0. meaning no democratic support. earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi...
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Nov 21, 2012
11/12
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plus it has the pow i and the fiscal cliff negotiations? looks like old sites may be stopping as they prepare their version of the deal. we will find off the top republican with the final outcome but look like. more money coming up. from maine to maui, thousands of high school students across the country are getting in on the action by volunteering in their community. it's great, helping others, and it feels good, too. are you in? whoa! anyone can do it. all it takes is a little time. are you in? chris young: action teams of high school students are joining volunteers of america and major league baseball players to heltrain and inspire the next generation of volunteers. it's easy to start an action teamt your school soso you, too, can get in on the action. melissa: potential fraud rocking wall street. hewlett-packard acquires a company for more than $10 billion. now hp says the exact cook the books to get the deal donn. adam shapiro has been covering the story all day and it's you with the details. we also have former u.s. attorney and fede
plus it has the pow i and the fiscal cliff negotiations? looks like old sites may be stopping as they prepare their version of the deal. we will find off the top republican with the final outcome but look like. more money coming up. from maine to maui, thousands of high school students across the country are getting in on the action by volunteering in their community. it's great, helping others, and it feels good, too. are you in? whoa! anyone can do it. all it takes is a little time. are you...
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Nov 26, 2012
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will they come up with a way to avoid the fiscal cliff. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ >> chris: still to come, our power player of the week. >> what i learned was to love work. >> chris: she grew up on a farm in california, making enough from raising cattle to send herself to college. >> i'm really happiest when i am engaged and working and ♪ >> relegated to a group of people meeting in secret, plotting, some sort of scheme that they think is best for america. >> the fiscal cliff is not going to happen. so the ceiling, is not going to fall. >> chris: senators jeff session and congressman charlie rangel on prospects for avoiding the fiscal cliff and we're back with the panel. liz is charlie rangel right, the sky is not falling and the fiscal cliff will not happen. >> i don't want to say charlie rangel is right. look, i think the potential damage done by going off t
will they come up with a way to avoid the fiscal cliff. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ >> chris: still to come, our power player of the week. >> what i learned was to love work. >> chris: she grew up on a farm in california, making enough from raising cattle to send herself to...
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Nov 21, 2012
11/12
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fiscal cliff, yes or no? do we go over it? if so, the consequences. >> we do not come by but not for the good reasons which i have heard you analyze. very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >> no. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced sequester will not be made in the amount suggested and will be only modest, and it will be a reduction in spending it will be a modest reduction in the rate of increase in spending such the we will have a $1 trillion plus deficit next year. more of the same. lou: as always. >> thank you. lou: up next to illegal immigrants wants new privileges because, i hate to tell you, it looks like pandering is contagious. imagine that. and forget susan rice. not the plot -- the biggest problem with this administration we will demonstrate to you the gaping holes in t
fiscal cliff, yes or no? do we go over it? if so, the consequences. >> we do not come by but not for the good reasons which i have heard you analyze. very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >> no. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced...
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Nov 29, 2012
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particularly if we fall off the fiscal cliff. the united states, the largest economy in the world, but yet we have the largest debt in the world. that's why the conversation needs to go to spending. what are we doing with all this money? unemployment, skyrocketing at 9%, but a slow-down in our gdp. >> sean: the real cliff is what you're saying, down the road, when it's $20 trillion in debt, when it's not $16 trillion. >> doesn't matter. say we put in place revenue to come in to the door, what are we going to do with it? >> sean: they've already spent it. >> that's so true. it's already spent. >> anytime they raise more taxes, more revenue coming in, they spend it. the beast of government is ravenous. they never cut back. you're exactly right, sean, the real fiscal cliff is when the laws of economics kick in, which they will inevitably do, they have to do, because it can't go on like this. you see the results of hitting the wall in greece, in spain, i3 italy. it will happen here. unlike the european countries, there's nobody to ba
particularly if we fall off the fiscal cliff. the united states, the largest economy in the world, but yet we have the largest debt in the world. that's why the conversation needs to go to spending. what are we doing with all this money? unemployment, skyrocketing at 9%, but a slow-down in our gdp. >> sean: the real cliff is what you're saying, down the road, when it's $20 trillion in debt, when it's not $16 trillion. >> doesn't matter. say we put in place revenue to come in to the...
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Nov 26, 2012
11/12
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on the fiscal cliff. he wants to do that over the next decade. and, this is the kind of math i like, it works o to $160 billion per year, in taxes. republicans howling about that. are they wrong to be upset? let's look at numbers. earlier this year, the president unveiled a 3.8 -- i love this. we talk about these numbers like there is nothing do it. $3.8 trillion budget. all right, he forecast a $1.3 trillion deficit. okay? so that means, if i can figure that out, he had $2.5 trillion to work with. $1.3 trillion in deficit. $901 billion, for next year, in deficit and our national debt is now over $16 trillion, and everybody knows that, i don't need to write that down. and, the president's big plan, he wants -- wants $1.6 trillion in new taxes. and here's how he wants to get there. first he wants to raise 8$849 billion over ten years by allowing the bush tax cuts, here they go... away. on the 31st of december, this year. they'll expire for households with incomes more than $250,000, $849 billion, includes $206 billion, of higher taxes on dividends
on the fiscal cliff. he wants to do that over the next decade. and, this is the kind of math i like, it works o to $160 billion per year, in taxes. republicans howling about that. are they wrong to be upset? let's look at numbers. earlier this year, the president unveiled a 3.8 -- i love this. we talk about these numbers like there is nothing do it. $3.8 trillion budget. all right, he forecast a $1.3 trillion deficit. okay? so that means, if i can figure that out, he had $2.5 trillion to work...
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Nov 28, 2012
11/12
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fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart this morning and equities remain nervous. >> the rhetoric, to avoid the fiscal cliff, taxes go up, dividend tax rates, personal tax rates, corporate tax rates go up, that that itself will cause economic weakness. what do you say to that? how are we supposed to balance the risks of doing things to avoid the fiscal cliff that may also hurt growth? >> one way or the other, there is a problem. if you kick the fiscal cliff down the road, then, you know, you're talking about the u.s. running deficits close to 4% to 5% over the next decad
fiscal cliff is such an issue. well, it's because sources of growth at this point are few and far between. >> that is the problem. where is growth going to come from. the one place that looked set for a reasonable 2013 was the u.s. economy. europe flat, china slower probably than this year. but a reasonable set of growth. if you put a 3.5%, 4% of gdp drag on that economy which was only growing at 2, 2.5, you're talking about throwing it into recession. that's why markets are taking heart...
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Nov 26, 2012
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who's afraid of going off the fiscal cliff? well, not anti-tax crusader grover norquist who tells "the wall street journal" he thinks republicans will hold the line on taxes. and if there's no deal, norquist isn't worried, telling "the journal," the woerld won't come to an end if this isn't resolved before january. meanwhile, in "the new york times," warren buffett takes a dig at norquist and others while making his case for a minimum tax on the wealthy. the oracle of omaha writes, "let's forget about the rich and the ultrarich going on strike and stuffing their ample funds under their mattresses if -- gasp -- capital gains rates and ordinary income rates are increased." >>> after weeks of criticism over u.n. ambassador susan rice, senator john mccain who vowed to block her potential nomination as secretary of state appears to be backing off that threat. >> she could conceivably get your vote for secretary of state? >> i think she deserves the ability and the opportunity to explain herself and her position, just as she said. >>
who's afraid of going off the fiscal cliff? well, not anti-tax crusader grover norquist who tells "the wall street journal" he thinks republicans will hold the line on taxes. and if there's no deal, norquist isn't worried, telling "the journal," the woerld won't come to an end if this isn't resolved before january. meanwhile, in "the new york times," warren buffett takes a dig at norquist and others while making his case for a minimum tax on the wealthy. the oracle...
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Nov 27, 2012
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even overshadowing the fiscal cliff. the markets today did not get a huge boost from the greek deal because they expected that it would happen. but they would have take an real hit had it not. bret? >> bret: amy kellogg in london. thank you. black friday shoppers got plenty of bang for the buck. that is later in the grapevine. up next, republicans try to zero in on hispanic voters. why is it that the most impressive technology often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature that makes the most of your plan. only on verizon. >> bret: republicans are already looking ahead to the next election. in 2014. they are trying to do something about the low numbers with hispanics. correspondent doug mckelway on the first steps this week. >> clearly
even overshadowing the fiscal cliff. the markets today did not get a huge boost from the greek deal because they expected that it would happen. but they would have take an real hit had it not. bret? >> bret: amy kellogg in london. thank you. black friday shoppers got plenty of bang for the buck. that is later in the grapevine. up next, republicans try to zero in on hispanic voters. why is it that the most impressive technology often comes with a set of equally impressive instructions ?...
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Nov 26, 2012
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the reality is i don't think the fiscal cliff is not a fiscal cliff. i think it's a slope. i don't think it's going to ruin the economy if it happens over time, but the reality -- the problem is we don't want to cut tax de ww wwe -- we don't want t taxes or increase spending in the middle of an economic downturn. you've got do it where you expect it. the whole fiscal cliff conversation is an acknowledgement that the stimulus actually worked. what we're saying is we don't want to cut the deficit too fast. now when it comes to the fiscal deficit -- >> i want to transition you to the other hot topic that we've been following. it's senator john mccain and his stance or lack thereof now against ambassador susan rice. let me play what he said earlier. i believe it was november 14th and his new line of words, i guess, regarding her possible nomination for secretary of state. let me play it back to back. >> we will do whatever's necessary to block the nomination that's within our power as far as susan rice is concerned. >> she could conceivably get your voros for secretary of state
the reality is i don't think the fiscal cliff is not a fiscal cliff. i think it's a slope. i don't think it's going to ruin the economy if it happens over time, but the reality -- the problem is we don't want to cut tax de ww wwe -- we don't want t taxes or increase spending in the middle of an economic downturn. you've got do it where you expect it. the whole fiscal cliff conversation is an acknowledgement that the stimulus actually worked. what we're saying is we don't want to cut the deficit...
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Nov 22, 2012
11/12
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congress and the president have just 40 days to avoid the so- called fiscal cliff. when the ball drops on new year's eve, tax hikes and severe spending cuts will kick in automatically unless a deal is reached. wyatt andrews spoke with two men who say they know how it should be done, if only washington would listen. >> reporter: two years ago, the fiscal commission chaired by democrat erskine bowles and former republican senator alan simpson proposed every basic element of the fiscal cliff solution being discussed now. their plan was a mixture of higher taxes, lower spending and the reform of medicare and social security. both men told us sacrifice has to come from everyone. >> all of us have to have some skin in the game to get it done. >> if you want something, pay for it. it's a sick idea, but it is an interesting idea. >> reporter: their biggest idea was to increase revenue by combining both the president's demand for higher taxes on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for ind
congress and the president have just 40 days to avoid the so- called fiscal cliff. when the ball drops on new year's eve, tax hikes and severe spending cuts will kick in automatically unless a deal is reached. wyatt andrews spoke with two men who say they know how it should be done, if only washington would listen. >> reporter: two years ago, the fiscal commission chaired by democrat erskine bowles and former republican senator alan simpson proposed every basic element of the fiscal cliff...
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Nov 29, 2012
11/12
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>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal reserve is drunk. while back the fed is distorting the bond work it. dagen: does it make sense that the fed is likely to continue the bond buying into the next year? does that make any sense on the planet? >> well, look, i thought qe1 was absolutely essential. qe2 i understood why we did it. qe3, i do not get it. i think the fed is making a mistake here. they could have achieved the same or even a better objective by following a different policy. this is the path we are on. doctor bernanke is obviously completely preoccupied with the risks of having a depression and he is throwing as much mon
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal...
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Nov 28, 2012
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he'll ask them how the fiscal cliff could impact their lives. on tuesday he invited small business owners into the oval office to offer their ideas. >> they had one message for the president which is they need certainty. please get this deal done as soon as possible. >> reporter: but spending any time on capitol hill it's easy to see a deal forthcoming isn't coming soon. >> there's been little progress with the republicans which is a disappointment to me. >> their hard left doesn't want to change anything ever. they think any dollar spent or any commitment made by the federal government on any program at any time ought to be there in perpetuity. >> we are not going to accept an unfair deal that will hurt middle class today and protect the wealthiest americans. >> reporter: the president and congressional leaders have no talks scheduled for this week. now the president's meeting today with leaders from goldman sachs and comcast and yahoo! among others on friday he's hitting the road going to a toy factory in pennsylvania. >> susan mcginnis in was
he'll ask them how the fiscal cliff could impact their lives. on tuesday he invited small business owners into the oval office to offer their ideas. >> they had one message for the president which is they need certainty. please get this deal done as soon as possible. >> reporter: but spending any time on capitol hill it's easy to see a deal forthcoming isn't coming soon. >> there's been little progress with the republicans which is a disappointment to me. >> their hard...
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Nov 25, 2012
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tomorrow, congress returns to work tackling the fiscal cliff. also monday, the body of late palestinian leader yasser arafat will be exhumed eight years after his death. no questions now about how he may have died. >>> and thursday the gross
tomorrow, congress returns to work tackling the fiscal cliff. also monday, the body of late palestinian leader yasser arafat will be exhumed eight years after his death. no questions now about how he may have died. >>> and thursday the gross
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Nov 26, 2012
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pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying is, this is not about pledges. let's not allow for the tail to wag the dog. this is not about a pledge. this is about finding a solution. let's not be boxed in. let's have the ability to be creative, think outside the box. and come up with a solution that works for america. and i think they're getting sick of being held to pledge here, pledge there. you know, it's almost like read my lips. no new pledges. >> let me just read the pledge, so people know what we're talking about here. it says, number one, oppose all efforts to increase the marginal tax rates for individu
pink unicorns, part of the fiscal cliff discussions now. let me bring in cnn contributor anna navarro who claims she has never seen me during the daylight. great to see you during the daylight, anna. >> how are you, john? >> good, i'm doing well, thank you is this over tour, these statements from the people like saxby chambliss, lindsey graham, is this what people are hoping to see in terms of reaching a deal? >> i think it's an important moment. i think what people are saying...
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Nov 27, 2012
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the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the
the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being...
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Nov 23, 2012
11/12
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for consensus on the big fiscal cliff. host: could be wrapped up in the larger fiscal cliff talks and the possible deal they might come up with? guest: i suppose it is right. the postal service has been in its own little world since 1971 when it became an independent arm of the government, a semi- independent quasi business off of -- into its own world since 1971. it would have to have its own little section that could be added to the final legislation dealing, the big deal, the grand bargain. host: let's get to phone calls. karen from the illinois. democratic caller. caller: i was wondering why the post office is the only business that has to prepay way in advance? the republicans -- run that throned on a lame duck session? if they would go in and take it away, the post office would not be in the shape it is in. guest: the caller makes a pretty good point. the negotiators are trying to not eliminated but maybe give a -- reduce the amount of prepayments that are required. to reduce it a good amount -- the majority might be
for consensus on the big fiscal cliff. host: could be wrapped up in the larger fiscal cliff talks and the possible deal they might come up with? guest: i suppose it is right. the postal service has been in its own little world since 1971 when it became an independent arm of the government, a semi- independent quasi business off of -- into its own world since 1971. it would have to have its own little section that could be added to the final legislation dealing, the big deal, the grand bargain....
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Nov 27, 2012
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now a hike in the national gas tax could be part of the fin al compromise to avoid the fiscal cliff. can you believe it? republican senator james improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one gun store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on president obama to approve the new route. ceo of transcanada is here for a fox business exclusive. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks bit it for the second straight day senate majority leader harry reid indicated that little progress has been made in recent fiscal cliff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnin
now a hike in the national gas tax could be part of the fin al compromise to avoid the fiscal cliff. can you believe it? republican senator james improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one gun store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on...
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Nov 27, 2012
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cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad and is down nokia other stocks with the companies issuing dividend dividend -- dividend early to avoid the fiscal cliff part of back to you. >> with those higher dividend tax is. consumer confidence for november at the highest level since every 2008. just-in-time for the holiday is. will it continue? and joining us now is mark, we will stoke the fiscal cliff phobia but they just bought 30% more on cyber monday than one year-ago. >> consumers have tune it out. we always go to the brink and nothing happens. but what is happening with the job market? it is improving
cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad...
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Nov 28, 2012
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there's no agreement on the fiscal cliff thing. the president says those republicans, you people, you're just defending your millionaire pals, you're prepared to push us into a recession. who do you think gets the political blame at that point? >> sean: cut spending first. >> yes. >> sean: they won't do it. >> you'll never play politics? >> sean: republicans, i don't hear them advocating for smaller government and cutting spending. >> but you are asking them to negotiate in public when they actually should just be quiet. >> sean: in public, they're capitulating, saying they're giving in -- >> i think that's overriding, and -- overreading it, and pledges don't mean anything, and i like how stuart says "iota." >> sean: coming up, republican senators walk with more questions than answers after their meeting today with ambassador susan rice. coming up, the benghazi cover-up continues to unravel. we'll check in with liz cheney with the very latest. >> i'm more troubled today, knowing, having met with the acting director of the cia, and
there's no agreement on the fiscal cliff thing. the president says those republicans, you people, you're just defending your millionaire pals, you're prepared to push us into a recession. who do you think gets the political blame at that point? >> sean: cut spending first. >> yes. >> sean: they won't do it. >> you'll never play politics? >> sean: republicans, i don't hear them advocating for smaller government and cutting spending. >> but you are asking them...
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Nov 27, 2012
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and fiscal cliff. despite recent republicans pledges giving up pledge on taxes still don't see any resolution anytime soon. we expect it will be a brinkmanship game. will go down to the wire, maybe a little after. ashley: interesting. stick with europe a little bit. spanish political situation is interesting no doubt. he really has a battle on his hand not only getting the handle on the economy but fractious politics of these breakaway regions which for now are staying in place but how does this all impact going forward especially with regard to the euro and of course now that greece, for the time-being is being taken care of, where do you see it going? >> i think that the election this past weekend in cat loan yaw, which is one fifth of everything spain produces is produced in this one region. ashley: yeah. >> i think the election results, president of the region advocated this snap election. i think he didn't get quite what he wanted. he lost about 20% of his seats. ashley: yeah. >> many people in th
and fiscal cliff. despite recent republicans pledges giving up pledge on taxes still don't see any resolution anytime soon. we expect it will be a brinkmanship game. will go down to the wire, maybe a little after. ashley: interesting. stick with europe a little bit. spanish political situation is interesting no doubt. he really has a battle on his hand not only getting the handle on the economy but fractious politics of these breakaway regions which for now are staying in place but how does...